A risky $3.3 billion bet on the downfall of Tesla and Elon Musk

Elon Musk doesn’t want investors and financiers to bet on Tesla’s stock market crash.

Last May, the richest man in the world attacked Bill Gates, who was previously the richest man in the world, because Microsoft (MSFT) The co-founder had a $500 million short position against Tesla (TSLA) . Selling stocks short is a bet that the price will fall.

“Sorry, but I can’t take your climate change philanthropy seriously when you have a huge short position against Tesla, the company doing the most to solve climate change,” Musk recently wrote to Gates. It was the end of a conversation the two billionaires had about working together for common purposes.

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